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Zimbabwe Adjusts Individual Income Tax Brackets

|Approved Changes|Zimbabwe
Zimbabwe

Zimbabwe published the Finance Act No. 8 of 2022 in the Official Gazette on 24 October 2022. One of the main measures of the Act provides for the amending of the individual income tax brackets with effect from 1 August 2022 in the year of assessment beginning on 1 January 2022, which generally reduces the bracket thresholds, except for the first bracket. The tax brackets are as follows for remu…

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